The World Bank is an international financial institution that provides financial and technical assistance to developing countries around the world. Its goals are to reduce poverty and support development. It helps by offering a growing range of free tools, research and knowledge to help people address the world's development challenges, for instance, comprehensive, downloadable indicators about development in countries around the globe.
About the Worldwide Governance Indicators
The Worldwide Governance Indicators is based on a long-standing research programme of The World Bank and was first established in 1996 to measure the quality of governance in over 200 countries. These aggregate indicators are derived from over 30 individual data sources produced by a variety of survey institutes, think tanks, non-governmental organizations, international organizations, and private sector firms.
The indicators capture six key dimensions of governance which include the control of corruption. According to The World Bank, corruption is the single greatest obstacle to economic and social development.
Singapore has ranked consistently well in the area of control of corruption. In the last 5 years, it has attained the top 10 positions. Countries are given scores ranging from approximately -2.5 (weak) to 2.5 (strong) governance performance.